Jiangsu Ykc New Energy Technology Completes Series B2 Financing

Jiangsu YKC New Energy Technology Co., Ltd. (YKC), China's leading renewable energy IoT service provider, has formally announced the completion of its Series B2 financing with investment from NIO Capital. Investment for the company's Series B1 and Series A rounds came from CATL and GLP, respectively. From a world leading logistics provider and power battery giant, to top-of-the-line car maker, YKC's rapid development benefited from the booming electric vehicle (EV) market and related support facilities in China.